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Nov 1, 2012
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president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with us. >> joining me now, msnbc's joy reid and robert reich, former clinton labor secretary, university of california at berkeley economics professor, and author of "beyond outrage." joy reid, do you know florida? has no one told jeb bush this thing about his brother's lack of popularity with the american public? >> poor jeb keeps trying. he tried it at the convention too. he just tries to slip george in there every so often. >> you can't blame a brother, though. >> he loves his brother. you know, he keeps trying to get him back on the stage, and republicans
president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with...
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Nov 1, 2012
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in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored the union's delphi pensions the uaw would go along with the bailout. gm agreed. >> when you heard the union pensions are being topped off you would think everybody would be treated fairly and equally. that was not the case. >> 20,000 salary delphi retirees got no pension bailout. many suspect they know why. >> the union had political connections and we do not. >> that's it? >> rose charges it was a simple political calculation a democratic president and his administration taking care of democratic ally organized neighbor. >> i believe in th
in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored...
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Oct 30, 2012
10/12
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WBAL
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obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> reporter: after independent fact checkers raised questions about the ad, chrysler issued their own statement, writing, jeep production will not be moved from the united states to china. it's inaccurate to suggest anything different. but the romney campaign stands by the ad, noting to nbc news, that chrysler ceo never disputed any actual facts in their ads. a couple things, the president still not campaigning on the campaign trail tomorrow, instead he will tour new jersey with governor christie tomorrow. mitt romney, is resuming a full campaign schedule tomorrow. he'll be in the battleground state of florida. >> thanks, chuck. >>> when we come back, back to our storm coverage, specifically, a moment of crisis for a big hospital that included a lot of newborns who needed to move quickly. [ dennis ] it only took two minutes for this town to be destroyed. to a little girl who lived through it, this is more than a tedd
obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> reporter: after independent fact checkers raised questions about the ad, chrysler issued their own statement, writing, jeep production will not be moved from the united states to china. it's inaccurate to suggest anything different. but the romney campaign stands by the ad, noting to nbc news, that chrysler ceo never disputed any actual facts in their ads. a couple things,...
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Nov 2, 2012
11/12
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. >> gm calls romney's ads politics at its cynical worst. and chrysler's ceo said it's simply not true. we know the truth, mitt. >> that's exactly what i said. the headline you read which is let detroit go bankrupt. >> when romney airs these grossly false ads, it opens up the door obviously for the obama campaign to hit back hard. in the state of florida it actually gets worse. romney desperately needs to win the state of florida and he is running a spanish language ad meant to stoke the fears of cuban-americans. the ad tries to connect president obama to venezuelan president hugo chavez and fidel castro. "the miami herald" reports the romney campaign would not furnish the ad despite repeated requests. in other words, the ad is so outrageous, the romney campaign tried to slip it under the radar. obviously the strategy is backfiring. let's turn to annette taddeo, member of the miami-dade democratic party. annette, great to have you with us tonight. i keep saying the bread basket to victory for president obama is going to be south florida. tur
. >> gm calls romney's ads politics at its cynical worst. and chrysler's ceo said it's simply not true. we know the truth, mitt. >> that's exactly what i said. the headline you read which is let detroit go bankrupt. >> when romney airs these grossly false ads, it opens up the door obviously for the obama campaign to hit back hard. in the state of florida it actually gets worse. romney desperately needs to win the state of florida and he is running a spanish language ad meant...
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Oct 31, 2012
10/12
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all other new jobs and if you're a gm worker are you grateful to obama? do you think you've worked hard so your company survived? at some point obama claiming credit for your job begins to get thin. >> greta: benghazi. we've spent a lot of time talking about it. and frankly there are a lot of remaining questions and nobody sort of set out what happened. we've got bits and pieces and weird stories about videos and we've had, it's an incomplete picture, other news organizations aren't particularly pursuing this. we are and a few others. i'm curious is benghazi an issue that is one that is in any way related to the voters have interest in it. >> and in terms of the election i was talking with senator ron johnson of wisconsin said every victory center he went to people were saying tell me about benghazi. people in ohio, people have been asking about benghazi. there is a rumor that two networks have i mails telling a counter trift group to stand down but they're a group in realtime trying to mobilize marines and c 130s and were told stand down, do nudging this
all other new jobs and if you're a gm worker are you grateful to obama? do you think you've worked hard so your company survived? at some point obama claiming credit for your job begins to get thin. >> greta: benghazi. we've spent a lot of time talking about it. and frankly there are a lot of remaining questions and nobody sort of set out what happened. we've got bits and pieces and weird stories about videos and we've had, it's an incomplete picture, other news organizations aren't...
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Oct 31, 2012
10/12
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i've owned gm's as well. they never needed the money had they all got bailed out. i always thought they had a better brand and structure and better organizational company than gm. right, wrong or -- i could o be totally off base on this. that was the perception. i should pull the trigger on a day like today. but like i said, the soft spot continues. i'm still long for it. >> i'm long for it also. we bought more today. i think ford looks better at 11 and change than last week at ten and change. this quarter was great. a record quarter as the ceo mentioned. i think the u.s. has enough to carry europe through this soft spot. ford is a play on housing as housing picks up more ford pickup trucks. the setup -- >> i'm sure there are a lot of viewers thinking why does it look better -- we got results and we're very, very strong. was it so outside compared to what we knew last week that it justifies buying it 7% higher. >> great. when i said that, it was more on a technical plane. when it was getting up to 10.5 and falling off through 11 it looks like it dps higher. >> the
i've owned gm's as well. they never needed the money had they all got bailed out. i always thought they had a better brand and structure and better organizational company than gm. right, wrong or -- i could o be totally off base on this. that was the perception. i should pull the trigger on a day like today. but like i said, the soft spot continues. i'm still long for it. >> i'm long for it also. we bought more today. i think ford looks better at 11 and change than last week at ten and...
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Nov 1, 2012
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo marchionne says they're not moving jobs to china that is big town home town pamer news and when you as a candidate lie to the hometown crowd about the hometown news you cannot expect that lie to float. and it is not floating. the "columbus dispatch fact check" says, "oh, boy." cleveland plain dealer's er89 says "flailing in ohio romney rolls out jeep ploy." say what want about mr. romney's overall relationship with the
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo...
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Nov 1, 2012
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. megyn: stu varney walks us through facts and fix with one of the hottest topics on the campaign trail with five days to go. new york city commuters enduring hours and hours -- normally we have an hour, hour and a half commute, that is not unusual for new yorkers. we are talking four, five hour commutes in bumper-to-bumper traffic to get in and do their jobs. like everyone else in the country the folks that work in manhattan need their paychecks. we are seeing vehicles packing the gas stations that still have fuel. some waiting in lines that are miles long but patients is not long it is short and it is getting shorter by the day. trace gallagher following the traffic nightmare, trace. >> reporter: before i show you more of the crazy pictures megyn and they are crazy i want to give you the problem in a nutshell, the new york metro area gets 25% of its gas from two refineries, those refineries are shut down. the new york harbor 20% comes through the new york harbor it's shut do
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. megyn: stu varney walks us through facts and fix with one of the hottest topics on the campaign trail with five days to go. new york city commuters enduring hours and hours -- normally we have an hour, hour and a half commute, that is not unusual for new yorkers. we are talking four, five hour commutes in bumper-to-bumper traffic to get in and do their jobs. like everyone else in the...
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Oct 31, 2012
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who will build jeeps in china. >> not so bad says the ceo of chrysler issuing a statement reaching jeep production whether not be moved from the united states to china, it is inaccurate to suggest anything different. today president obama tours the storm devastation in atlantic city and vice president biden makes two campaign stops in florida. mr. romney will also be in florida as he makes three stops. paul ryan will spend the day campaigning in his home state of wisconsin. let's get back to sandy, because two of the three major airports serving the new york area, kennedy and newark, they'll start to reopen with limited service later this morning, but the super storm created a worldwide ripple effect. many are still stranded overseas. so we want to check in with michelle kosinski from london. good morning. >> reporter: right, it does have that sort of snowballing effect that we see with any major travel destruction around the world, but of course this is a big one with so many airports closed for more than o
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who will build jeeps in china. >> not so bad says the ceo of chrysler issuing a statement reaching jeep production whether not be moved from the united states to china, it is inaccurate to suggest anything different. today president obama tours the storm devastation in atlantic city and vice president biden makes two campaign stops in florida. mr. romney will also be in florida as he makes three stops....
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Nov 1, 2012
11/12
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for all those reasons, gm. >>> am coulding up in the next hour on "mad money." cramer's exclusive with ceo. he's helping you stay diversified all coming up at the top of the hour. >>> the long lines at gas stations on the east coast are a stark reminder of our dependence on gasoline. stick around, mad money is coming up next 37 i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-
for all those reasons, gm. >>> am coulding up in the next hour on "mad money." cramer's exclusive with ceo. he's helping you stay diversified all coming up at the top of the hour. >>> the long lines at gas stations on the east coast are a stark reminder of our dependence on gasoline. stick around, mad money is coming up next 37 i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a...
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Oct 29, 2012
10/12
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i do have gm and nissan and toyota with bodine motors. everybody talks about this. it is the out-of-control regulation, the difficulty we have with trade issues right now. that's why mitt romney has laid out a plan to create 12 million american jobs making america more business-friendly and reducing this regulation. >> and yet, the numbers, the at least from chrysler, they felt so compelled about what mitt romney was saying on the campaign trail that they issued a statement to say, not only are they not moving jobs to china, in fact, the company has nuns announced plans to hire an additional 12,000 workers in detroit. that will contradict what you say are concerns about auto workers? >> i don't see it as a contradiction at all. i think it is a testament to american ingeneral new at this time that people move forward to manufacture in this country. epa and government regulators are making it more and more difficult every single day. this is what we hear from so many of our manufacturers, large and small. >> let me really quickly play for you a clip that the president
i do have gm and nissan and toyota with bodine motors. everybody talks about this. it is the out-of-control regulation, the difficulty we have with trade issues right now. that's why mitt romney has laid out a plan to create 12 million american jobs making america more business-friendly and reducing this regulation. >> and yet, the numbers, the at least from chrysler, they felt so compelled about what mitt romney was saying on the campaign trail that they issued a statement to say, not...
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Nov 2, 2012
11/12
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gm posted its highest october sales since 2007, with deliveries up 5%. ford sales inched up just .4%. the company reports truck sales stalled slightly while car sales, especially for fuel-efficient models, picked up. ford's ceo, alan mulally, told reporters yesterday he intends to stay on until 2014. mark fields companies turnaround will soon bump up to coo. in overseas action, toyota sales bounced 16% higher, while volkswagon's were up 22%, making it the best october since 1972. meanwhile, small businesses are still reeling from the effects of superstorm sandy. sandy shut down and damaged many businesses in its trail. now a lifeline for business owners could come in the form of disaster assistance. chris hurn of mercantile capital says for small business owners affected by the storm, loans could be a chance to reboot business. "one of the things that is going to come out of a life- altering event like this is a lot of them are going to get insurance proceeds, and i'm a big advocate of people using those proceeds to maybe spur some action that they might
gm posted its highest october sales since 2007, with deliveries up 5%. ford sales inched up just .4%. the company reports truck sales stalled slightly while car sales, especially for fuel-efficient models, picked up. ford's ceo, alan mulally, told reporters yesterday he intends to stay on until 2014. mark fields companies turnaround will soon bump up to coo. in overseas action, toyota sales bounced 16% higher, while volkswagon's were up 22%, making it the best october since 1972. meanwhile,...
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Oct 31, 2012
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both chrysler and gm are firing back at romney. chrysler ceo said in a statement jeep assembly lines will remain in operation in the united states and will con sstitute th backbone of the grand. it is inaccurate to suggest anything different. a gm spokesman told the detroit news, quote, we've clearly enter ed some parallel universe during the last few days, no amount of campaign politics at its cynical worst will diminish the record of creating jobs in the united states. remember, this new romney jeep ad claims that all factual statements in it, the implication is different, but the statements themselves say jeep is being built in china, which the ad says for the implication, of course, is this idea that they're moving some operations out of ohio to china and that's what both gm and chrysler are fighting back on is that perception. ohio papers pummeling romney for the ad. they called it a ploy in an editorial yesterday and said romney is flailing in ohio. and don't forget that detroit, where the free press is heavily criticized rom
both chrysler and gm are firing back at romney. chrysler ceo said in a statement jeep assembly lines will remain in operation in the united states and will con sstitute th backbone of the grand. it is inaccurate to suggest anything different. a gm spokesman told the detroit news, quote, we've clearly enter ed some parallel universe during the last few days, no amount of campaign politics at its cynical worst will diminish the record of creating jobs in the united states. remember, this new...
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Oct 27, 2012
10/12
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they went from, there was an old gm and a new gm, so they went through kind of a managed bankruptcy after all the bailout work was done. >> then ford did it all on their own. >> wait, this is not true. that is not true. ford had the timing on their side. they went and renegotiated their debt before the 2008 crisis hit. they happened to have an advantage of going to wall street to renegotiate their borrowing authority and it was the calendar. >> the ceo of ford said about mitt romney's prescription. he said if gm and chrysler had gone into a free fall bankruptcy, they would have taken the entire supply chain and auto agency with it. he said that in 2010. so that's really what -- >> speculation is not accurate. >> it is because there was no way that private capital were going to keep those companies alive into a chapter 11 reorganization. they would have gone into liquidation. we would have lost not only those two companies, but the supply chain. >> what he said, these are his words, the american auto industry is vital to our national interest as employer and hub for manufacturing, a manage
they went from, there was an old gm and a new gm, so they went through kind of a managed bankruptcy after all the bailout work was done. >> then ford did it all on their own. >> wait, this is not true. that is not true. ford had the timing on their side. they went and renegotiated their debt before the 2008 crisis hit. they happened to have an advantage of going to wall street to renegotiate their borrowing authority and it was the calendar. >> the ceo of ford said about mitt...
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Nov 1, 2012
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gm says lf the dealerships in new jersey are without power. some analysts who i talked to said they expect november sales to be down. who knows by how much. but they think actually some of those sales may be made up in december. and actually when you think about it, if there were people who weren't planning to buy a car but lost a car in the floods, they could end up making, having better sales than they had anticipated. >> sounds like a delayed sales as opposed to destroyed sales. it's dianesta broke tant in chicago >> susie: tom, it was a good day for the markets today. on reporting tonight from the nasdaq that is closed above the $3-- 3,000 level, best performance in five weeks and downtown at the new york stock exchange heavy volume, most of the dow components in the green today so a much more positive mood in the markets. >> tom: much more positive, much more constructionive. technology which had been a laggard, nasdaq, certainly knows this where you are at tonight t was one of the leaders today with the broad-based rally. let's get every
gm says lf the dealerships in new jersey are without power. some analysts who i talked to said they expect november sales to be down. who knows by how much. but they think actually some of those sales may be made up in december. and actually when you think about it, if there were people who weren't planning to buy a car but lost a car in the floods, they could end up making, having better sales than they had anticipated. >> sounds like a delayed sales as opposed to destroyed sales. it's...
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Nov 1, 2012
11/12
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helping that will be the fact that gm and nissan are out with special incentives. expect other automakers to duplicate those and come up with their own offers. quickly look at shares of the automakers and what they have done over the last three months. guys, the bottom line is this. you have a lot of people there who have damaged vehicles. they eventually will rebuy. the question is when. it's probably not going to happen in the next or so. when that inventory gets in there and they can get around to it, they will buy a new car. >> let's pose some questions to mark shineberg. great to have you on the phone, mark. you represent about 400 new car dealers. tell us about the impact they've seen and what they will be able to get back the lost inventory. of course, they lost inventory in the storm. >> yeah, the damage to the new car industry in the new york area has been quite severe. phil's number, 60% of the dealers are shut down, is exactly the kind of numbers that we're coming up. our field people are out there. we're calling our dealers, ask them how they're doing,
helping that will be the fact that gm and nissan are out with special incentives. expect other automakers to duplicate those and come up with their own offers. quickly look at shares of the automakers and what they have done over the last three months. guys, the bottom line is this. you have a lot of people there who have damaged vehicles. they eventually will rebuy. the question is when. it's probably not going to happen in the next or so. when that inventory gets in there and they can get...
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Nov 1, 2012
11/12
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows
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Oct 30, 2012
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> former governor ted strickland on mitt romney's last desperate gasp to fool the buckeye state. those surprising little things she does still make you take notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> former governor ted strickland on mitt romney's last desperate gasp to fool the buckeye state. those surprising little things she does still make you take notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be more confident in your...
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Oct 31, 2012
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back in 09 when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like its dayton area plants delphi shut down the employee pension plans handing them off to the federal government. >> when my pension went from 2,500 $50 a month guaranteed to the federal government saying you'll get $385 a month. >> and you spend years and years making your financial plan for retirement and going through all the numbers and wanting to live like you wanted to live and with your children and grandchildren, and then it gets taken away from you in a heartbeat. i feel absolutely betrayed. >> enter delphi's biggest auto parts customer gm and the obama administration's eagerness for a quick restructuring of the automaker, gm wanting labor peace agre
back in 09 when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like its dayton area plants delphi shut down the...
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Nov 2, 2012
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it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called out on it. we have fact checkers and we have a great one here. i think everybody in the media is working especially in the final days to figure out what's true and what isn't. that's the reason ffs a significant risk. >> let me play what governor romney has said, david. i want to get your response. essaying don't look at the ads but the record. le met play what he said. >> look beyond the speeches and the attacks and the ads. look to the records toshgts accomplishments and the failures and judgments. word are cheap. >> the concern, at least i know for some democrats, is that this message of, hey, there
it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called...
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Nov 1, 2012
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obama took gm and chrysler into bankruptcy. >> before i get you to comment on it. i'm going to go to the obama ad. it is a response to this ad. obama ad called collapsed. it's a rebutle to this ad. >> when the auto industry faced collapse, mitt romney turned his back. even the conservative detroit news criticized romney for wrongheadedness on the bailout. and now, after romney's false claim of jeep out sourcing to china. >> here's what i want to know. i don't know the answer. and this is a good example. one of them's got to be wrong. who is wrong? >> well , the romney ad is technically true but misleading. one of the things he claims, it goes on to say that chrysler is going to increase production of jeeps in china. and turns out they are increasing production of jeeps in the u.s. and in china. and you are left with the misleading impression that they are moving jobs from the u.s. to china. in fact, they are increasing production in both places. >> okay. >> there's another couple factors. one is the detroit news of romney. romney 's right to say -- they criticized
obama took gm and chrysler into bankruptcy. >> before i get you to comment on it. i'm going to go to the obama ad. it is a response to this ad. obama ad called collapsed. it's a rebutle to this ad. >> when the auto industry faced collapse, mitt romney turned his back. even the conservative detroit news criticized romney for wrongheadedness on the bailout. and now, after romney's false claim of jeep out sourcing to china. >> here's what i want to know. i don't know the answer....
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Oct 31, 2012
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the ad says under president obama, gm cut 15,000 jobs and planning to double the number of cars built in china. and the ad said chrysler also plans to start making jeeps in china. but a general motors spokesman told "the detroit free press," quote, we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating profits back into this country. okay. >> willie, what do you think of cargate? >> cargate. they shouldn't lie. >> i think it's subjectively untrue. the ad. i think that pretty much ends it, right? it's false. no? >> what romney said on the stump was false. the ad is true. >> right. >> it's misleading, but it's true. >> explain what you mean. >> i'm sorry. what? >> production in the u.s. that exists. they're making jeeps in the u.s., selling them in the u.s. they're talking about making jeeps to sell in china in china. romney initially suggested on the stump, wrongly, that they were going to move all jeep production to china, including selling -- bu
the ad says under president obama, gm cut 15,000 jobs and planning to double the number of cars built in china. and the ad said chrysler also plans to start making jeeps in china. but a general motors spokesman told "the detroit free press," quote, we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating profits back into this country. okay....